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McDonald's deal gives 'more flexibility'
Carlyle and state-backed Citic's majority stake in its China and HK markets allow for more tasteful innovations
Add BT as a preferred sourcePublished Mon, Jan 23, 2017 · 09:50 PM
Singapore
CHANGE is coming to McDonald's in China and Hong Kong after The Carlyle Group, together with Chinese state-backed conglomerate Citic, bought a majority stake in the fast food giant's operations in the two markets.
In one of his first public comments on the deal, Carlyle co-founder and co-CEO David Rubenstein said that the two partners might implement different ways of sourcing food, making local menu changes, and giving more incentives to managers.
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